MMA Asset Management LLC Has $853,000 Holdings in Marsh & McLennan Companies, Inc. $MMC

MMA Asset Management LLC increased its holdings in shares of Marsh & McLennan Companies, Inc. (NYSE:MMC) by 11.3% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 3,900 shares of the financial services provider’s stock after purchasing an additional 396 shares during the quarter. MMA Asset Management LLC’s holdings in Marsh & McLennan Companies were worth $853,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in MMC. TIAA Trust National Association boosted its stake in shares of Marsh & McLennan Companies by 9.1% during the 2nd quarter. TIAA Trust National Association now owns 16,940 shares of the financial services provider’s stock worth $3,704,000 after buying an additional 1,413 shares during the last quarter. Welch & Forbes LLC boosted its position in Marsh & McLennan Companies by 29.6% during the second quarter. Welch & Forbes LLC now owns 7,412 shares of the financial services provider’s stock valued at $1,621,000 after purchasing an additional 1,692 shares during the last quarter. Hills Bank & Trust Co grew its stake in Marsh & McLennan Companies by 0.8% in the second quarter. Hills Bank & Trust Co now owns 10,675 shares of the financial services provider’s stock valued at $2,334,000 after purchasing an additional 86 shares in the last quarter. AlphaStar Capital Management LLC acquired a new position in shares of Marsh & McLennan Companies during the 2nd quarter worth approximately $233,000. Finally, Pinnacle Associates Ltd. raised its stake in shares of Marsh & McLennan Companies by 1.3% during the 2nd quarter. Pinnacle Associates Ltd. now owns 9,892 shares of the financial services provider’s stock worth $2,163,000 after purchasing an additional 130 shares in the last quarter. 87.99% of the stock is owned by institutional investors.

Insider Activity

In related news, CEO John Q. Doyle sold 21,079 shares of the company’s stock in a transaction dated Tuesday, September 2nd. The shares were sold at an average price of $205.65, for a total value of $4,334,896.35. Following the transaction, the chief executive officer directly owned 87,681 shares in the company, valued at approximately $18,031,597.65. This represents a 19.38% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 0.35% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on MMC shares. Weiss Ratings restated a “hold (c)” rating on shares of Marsh & McLennan Companies in a report on Friday. Evercore ISI lowered their price objective on shares of Marsh & McLennan Companies from $243.00 to $237.00 and set an “outperform” rating on the stock in a research note on Friday, October 17th. Wolfe Research initiated coverage on shares of Marsh & McLennan Companies in a research note on Tuesday, September 16th. They issued a “peer perform” rating for the company. Citigroup assumed coverage on Marsh & McLennan Companies in a research report on Wednesday, August 13th. They set a “neutral” rating and a $226.00 price target on the stock. Finally, Keefe, Bruyette & Woods raised Marsh & McLennan Companies from an “underperform” rating to a “market perform” rating and cut their price objective for the company from $209.00 to $191.00 in a research report on Friday, October 17th. Seven analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $234.07.

Marsh & McLennan Companies Stock Down 0.3%

Marsh & McLennan Companies stock opened at $178.12 on Monday. The company’s 50-day moving average price is $198.29 and its two-hundred day moving average price is $210.61. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 1.19. The stock has a market cap of $87.26 billion, a P/E ratio of 21.36, a P/E/G ratio of 2.25 and a beta of 0.81. Marsh & McLennan Companies, Inc. has a twelve month low of $176.10 and a twelve month high of $248.00.

Marsh & McLennan Companies (NYSE:MMC) last issued its quarterly earnings data on Thursday, October 16th. The financial services provider reported $1.85 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.78 by $0.07. The company had revenue of $6.35 billion during the quarter, compared to analysts’ expectations of $6.34 billion. Marsh & McLennan Companies had a return on equity of 31.79% and a net margin of 15.60%.The business’s revenue was up 11.5% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.63 earnings per share. As a group, analysts expect that Marsh & McLennan Companies, Inc. will post 9.61 EPS for the current year.

Marsh & McLennan Companies Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 14th. Shareholders of record on Thursday, October 2nd will be given a dividend of $0.90 per share. The ex-dividend date is Thursday, October 2nd. This represents a $3.60 annualized dividend and a yield of 2.0%. Marsh & McLennan Companies’s dividend payout ratio (DPR) is presently 43.17%.

About Marsh & McLennan Companies

Marsh & McLennan Cos., Inc is a professional services firm, which engages in offering clients advice and solutions in risk, strategy, and people. It operates through the Risk and Insurance Services, and Consulting segments. The Risk and Insurance Services segment is involved in risk management activities, as well as insurance and reinsurance broking and services.